Although this $$ is presumably nothing quite like a potential win of a TAGOS-25 bid mentioned in the FY2022 Results thread, which could be worth AU$4.29 billion to us at today’s forex (single supplier 7 vessels x US$426m = US$2.98 billion potential contract value), this is pretty cool:
First one into production at Mobile for US Navy in a little over a months time. It will help to keep the aluminium line running after LCS completions according to the article. Showcases Austal’s partnerships, tech innovation, adaptability and collaborative approach to producing new solutions for the US Navy.
ASB Price at posting:
$2.55 Sentiment: Buy Disclosure: Held
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(20min delay)